Uniondale, NY—April 22, 2008—Charles Chinni, Fortunoff Chairman and CEO, announced the appointment of Christopher Sim as Executive Vice President and CFO of the company, which was acquired by NRDC Equity Partners in March. Sim will be reporting directly to Chinni, who explained, “Sim’s expertise will facilitate Fortunoff’s retail expansion and enhance our profile as a high-end jewelry and home wares vendor.” Fortunoff jewelry shops with bridal registries will ultimately roll out in NRDC’s 47 Lord & Taylor stores, and the 23-unit Fortunoff chain is expected to nearly double its current size over the next five years.
Christopher Sim was formerly Senior Vice President, Finance at Saks Incorporated. He joined Saks in 1997 as Manager of Profit Improvement, and has subsequently held positions of increasing responsibility in Accounting, FP&A, Capital, Long Range Planning, and Financial Systems Support. Sim began his retail career in the Hecht’s division of May Company Department Stores, where he occupied various roles in Accounting. He earned his MBA from Fairleigh Dickinson University after completing a BBA Finance at Loyola College in Maryland.
Founded in 1922, Fortunoff currently has 23 retail stores specializing in fine jewelry and home furnishings in the tri-state area, as well as the Fortunoff.com website, which offers over 25,000 items to choose from. Its unparalleled selection and remarkable prices have established Fortunoff as a trusted name in the retail industry. Fortunoff champions the finest Backyard retail locations in the spring and summer and the most enchanting Christmas stores in the fall and winter. Visit www.fortunoff.com for more information.
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